View more on these topics

EU fund builds skills

European commissioner for employment, social affairs and equal opportunities Vladimir Spidla and UK Parliamentary under secretary for work and pensions James Plaskitt have started a scheme to help disadvantaged people find work.

Over the next seven years, the European Social Fund programme for England will help 200,000 people get jobs and enable at least 140,000 of the most disadvantaged people make progress toward the labour market. It also aims to help 80,000 disadvantaged young people into learning or a job.

The two main priorities are extending employment opportunities for unemployed and disadvantaged people and developing a skilled and adaptable workforce focusing on people with low skills.

Plaskitt says the programme will invest £2bn of ESF funding in England over the next seven years, matched by £2bn of national funding.

Spidla says recent EU efforts to boost jobs are showing results. He says: “The number of people at work is rising and unemployment is falling but more needs to be done. The ESF strengthens Europe’s capacity to create good jobs and equip workers with the right skills to fill them but these objectives must be put into practice at the level of the member states.”


Regulator in listening mode on RDR

The FSA has struck a conciliatory note on the retail distribution review and said it is in listening mode.In answers to questions at the Tax Incentivised Savings Association Conference in London last week, director of retail policy Dan Waters said the regulator does not plan to change the market overnight.Waters said: “I can see why […]

Consumer contradictions

Consumer attitudes towards investments seem to have polarised, with investors showing an appetite for high-risk asset classes such as emerging market equities and at the same time wanting the security of capital protection and safer asset classes. This contradictory attitude is not the only example of the mixed messages seen in the market today. Growth […]

Nationwide sees drop in net lending to £3.3bn

Nationwide’s results today show that it has seen a drop in net lending from £5.6bn last year to £3.3bn as a result of its cautious approach in 2007.It has also seen a decline in prime mortgage gross lending compared to last year, down from £13.5bn to £11.9bn.But it says that its proportion of prime mortgage […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm